The Australian AUS200 or XJO index (ASX S&P 200 index) is fully valued at its 100% DCF value using 3.5% growth, 8.2% discount rate. The earnings for this index are less than at the top of 2007. Its P/E ratio is overvalued at 18. Australia's construction industry is in rapid decline and also its housing markets. Short term interest rates are in decline as...
as you can see on the weekly time frame (also monthly) we are witnessing positive price action for the ASX. Although positive price action is generally celebrated, it needs to be backed up with positive movements in relative strength, which in this case is not happening.
As you will see on the chart published, despite the positive price action we...
4H Chart Explanation:
- Price is on a Macro Descending Channel.
- Price broke an important Support Zone (now Resistance Zone)
- It is currently on a Bearish Corrective Structure.
- If price breaks it at 0,673, potential to move down towards the Fibonacci Levels.
Check out our Daily and Weekly Analysis.
This chart is a zoom in on the previous published wide-view chart and highlights an immediate short-term range, highlighting the standard deviations implying and indicative of the negative downturn becoming more firmly established. The weekend (17-18 August 2019) is unlikely to provide respite as FX currency trading during the period when the Australian market is...
Price is in a massive downtrend, Sell pullback to 21EMA or to weekly central pivot.
Target is Weekly M1 and Monthly M1. As they overlap I assume there will be a lot of bulls coming in, so better get out there (0.67133 - 0.67033).
Daily Chart Explanation:
- Price is against the Weekly Ascending Trendline.
- Price is on a Micro Ascending Trendline.
- Bearish Divergence on MACD.
- If price breaks the Ascending Channel at 6740, potential to move down towards the Support Zone at 6400 and, then, to the Bottom of the Ascending Trendline at 5620.
Our Weekly View support this idea. Check it...
ASX 200 has finally broken out of Wave 2 correction, Wave 3 shall rally up to 8400, which is 1.618 extension of Wave 1.
If ASX 200 behaves similarly to what happened after 1987, this Wave 3 will go up to 1.618 extension and drop from there temporarily, and then rally all the way up...
Taking the intra-day floor of the AUD currency during the GFC meltdown as a "blue line" and then attempting to be neutral bearing in mind global uncertainties. The April Fool's bottom would result in a global catastrophe of proportions we haven't seen. Red shading is for punters seeing declines being dominant, green for those who are hoping for the Australian...
With Samsungs Galaxy Note S10 5G and the beginning of 5G technology, Telstra will be thriving to dominate in the new 5G market. Already Telstra has sold many new Galaxy Note S10 phones, hinting that 5G will soon be in demand. 5G will be a big expense but can easily be profitable due to what 5G will be supporting such as remote surgeries and Artificial...
Chart time frame - H4
Timeframe - 1 - 3 weeks
Actions on -
A – Activating Event
Market will find support in zone @ Current Levels - .... and move to the 0.040 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.040...
Australia 200 comes to strong 12-Years Historical Level!
It can be a powerful bounce from it.
We can open SELL after fake breakout and pullback to level.
Potential profit will be in 5...10 times bigger than risk